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Sold for $1,640,000 on 01/20/23
  • Listing Provided by: 

    Justin Miller DRE #01292458 949-759-5747,

    First Team Real Estate

    Bought with: eXp Realty of Greater Los Angeles, Inc.
    $1,640,000

    714 S Pacific Coast Hwy, Redondo Beach, CA 90277

    6beds
    4baths
    2,936sqft
    Multi Family
    Built in 1943
    -- sqft lot
    $1,728,200 Zestimate®
    $559/sqft
    $3,042 Estimated rent

    Owner options

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    $3,042/mo

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    $3,042/mo

    Rent Zestimate®

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    $10,260/mo

    Est. payment

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    $10,260/mo

    Est. payment

    What's special

    This charming 4 plex is located just one block from the beach and just a couple blocks from Redondo's Riviera Village. There are (two), 2-bedrooms, 1 bath, and (two), 1-bedroom 1 bath units. Each unit has been completely upgraded to include all new widows, hardwood flooring, kitchen cabinets, appliances including refrigerators in each unit, and remodeled bathrooms and 3 year old roof. Each unit also comes with its own covered shared garage (carport) and the 2 bedrooms comes with an additional designated (2) parking spots (one covered garage and one uncovered space). The covered garages also have assigned storage for each unit. Three of the units are located downstairs with a 2-bedroom unit located upstairs. Very well-maintained and landscaped grounds with spacious front and side yard. This amazing renovated property is in outstanding condition and is located in one of the most prime locations that Redondo Beach has to offer. The Riviera Village is one of the loveliest shopping and nightlife destinations in Southern California, with numerous shops, boutiques, bars, restaurants, professional offices and a Trader Joe's grocery store. The Village features annual art and fitness festivals, special events, further enhancing the neighborhood' s general appeal. Strong CAP rate, Excellent cash flow and amazing investment opportunity.

    Zillow last checked: 8 hours ago

    Listing updated: January 23, 2023 at 07:36am

    Listing Provided by:

    Justin Miller DRE #01292458 949-759-5747,

    First Team Real Estate

    Bought with:

    Mark Tawfik, DRE #02163547

    eXp Realty of Greater Los Angeles, Inc.

    Source: CRMLS,MLS#: PW22189758MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 4
    Heating
    • Wall Furnace
    Cooling
    • None
    Appliances
    • Included: Free-Standing Range, Gas Oven, Refrigerator
    • Laundry: None
    Features
    • Flooring: Carpet, Laminate
    • Windows: Double Pane Windows
    • Has fireplace: No
    • Fireplace features: None
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 2,936
    • Total interior livable area: 2,936 sqft

    Property

    Parking
    • Total spaces: 6
    • Parking features: Covered, Carport, Garage, On Site
    • Garage spaces: 4
    • Has carport: Yes
    • Uncovered spaces: 2
    Features
    • Levels: Two
    • Stories: 2
    • Pool features: None
    Lot
    • Size: 8,547 sqft
    • Features: Front Yard, Garden, Sprinklers In Front, Lawn, Sprinklers On Side
    Details
    • Parcel number: 7508025007
    • Zoning: RBRH-1
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Materials
    • Stucco
    • Roof: Composition
    Condition
    • Updated/Remodeled
    • New construction: No
    • Year built: 1943

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Sidewalks
    Location
    • Region: Redondo Beach

    HOA & financial

    Other financial information
    • Total actual rent: 8385

    Other

    Other facts
    • Listing terms: Cash,Cash to New Loan,Conventional
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    Estimated market value
    $1,728,200